Regarding Money Bill, which of the following statements is not correct?

The answer is C. Article 110(1) lists what a Money Bill may contain. Clause (d) covers appropriation of money out of the Consolidated Fund of India, not the Contingency Fund. Option C swaps in the Contingency Fund, so it is the incorrect statement.

• A is correct. Article 110(1)(a) covers imposition, abolition, remission, alteration or regulation of any tax.
• B is correct. Article 110(1)(c) covers custody of the Consolidated Fund and the Contingency Fund, and payments into or withdrawals from them.
• D is correct. Article 110(1)(b) covers regulation of borrowing by the Government of India and giving of guarantees.

The core concept is the restricted scope of a Money Bill. Only the matters in Article 110(1) qualify, and the Speaker's certification is final under Article 110(3). This is why the Rajya Sabha can only recommend amendments and cannot reject or amend a Money Bill in substance, which matters for Mains questions on Centre-State financial federalism and parliamentary control over the purse.

Trap: Aspirants often memorise "Consolidated Fund" and "Contingency Fund" as interchangeable in Article 110. Appropriation under Article 110(1)(d) is only from the Consolidated Fund. Contingency Fund withdrawals are a different matter, handled under Article 267.